NexPoint Real Estate Finance reports lower net income for second quarter
The company reported earnings available for distribution of $0.46 per diluted common share for the quarter ended June 30, 2026.
NexPoint Real Estate Finance (NREF) reported a decline in net income attributable to common stockholders for the second quarter of 2026. The real estate finance company saw net income fall to $5.4 million, or $0.29 a share, from $10.0 million, or $0.42 a share, in the first quarter.
On a year-over-year basis, GAAP net income attributable to common stockholders decreased to $5.43 million from $12.29 million in the second quarter of 2025. Despite the drop in net income, net interest income rose by $1.2 million over the prior quarter to reach $16.5 million.
Earnings available for distribution (EAD) per diluted common share rose 7.0% to $0.46 from $0.43 in the first quarter. Cash available for distribution (CAD) per diluted common share remained flat at $0.58 compared to the first quarter, though it increased from $0.46 in the second quarter of 2025.
Book value per diluted common share decreased 1.9% to $18.60 at the end of the second quarter from $18.96 at the end of the first quarter.
During the period, the company funded three loans totaling $69.9 million, including a $42.6 million loan at 14.0%, a $20.2 million loan at 14.0%, and a $7.3 million loan at SOFR plus 900 basis points. NexPoint also raised $22.6 million in gross proceeds through a Series C preferred stock offering.
For the third quarter of 2026, the company estimates net income attributable to common stockholders will be between $7.4 million and $9.8 million. Guidance for the period includes a midpoint of $0.43 for EAD per diluted common share and a midpoint of $0.55 for CAD per diluted common share.